Foundry Partners LLC Cuts Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Foundry Partners LLC lowered its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 11.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 841,473 shares of the bank's stock after selling 107,415 shares during the quarter. Foundry Partners LLC owned 0.06% of Huntington Bancshares worth $10,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tyler Stone Wealth Management bought a new position in Huntington Bancshares in the second quarter worth $25,000. Wetzel Investment Advisors Inc. bought a new position in Huntington Bancshares in the fourth quarter worth $29,000. Clear Street Markets LLC raised its holdings in Huntington Bancshares by 81.6% in the first quarter. Clear Street Markets LLC now owns 2,831 shares of the bank's stock worth $32,000 after purchasing an additional 1,272 shares in the last quarter. Planned Solutions Inc. bought a new position in Huntington Bancshares in the fourth quarter worth $33,000. Finally, Authentikos Wealth Advisory LLC bought a new position in Huntington Bancshares in the third quarter worth $35,000. Institutional investors own 80.72% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HBAN. Royal Bank of Canada increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 9th. StockNews.com cut Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, December 29th. Evercore ISI increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, April 4th. Finally, Morgan Stanley increased their target price on Huntington Bancshares from $13.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.97.

Huntington Bancshares Stock Performance

HBAN stock traded up $0.10 during trading on Friday, reaching $13.28. The stock had a trading volume of 39,981,446 shares, compared to its average volume of 14,462,811. Huntington Bancshares Incorporated has a 52 week low of $9.13 and a 52 week high of $14.07. The stock's 50 day moving average is $13.27 and its two-hundred day moving average is $12.16. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The firm has a market cap of $19.26 billion, a PE ratio of 11.96, a PEG ratio of 2.47 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company earned $0.38 earnings per share. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.67%. Huntington Bancshares's dividend payout ratio (DPR) is currently 55.86%.

Insider Transactions at Huntington Bancshares

In other news, VP Julie C. Tutkovics sold 15,541 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the transaction, the vice president now owns 303,455 shares of the company's stock, valued at $3,847,809.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the sale, the insider now owns 568,222 shares of the company's stock, valued at approximately $7,483,483.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock valued at $1,360,359 over the last quarter. 0.89% of the stock is currently owned by company insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.

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